Chinese ride-hailing service raises $7.3 billion

BEIJING (AP) — Chinese ride-hailing service Didi Chuxing, the main local competitor for Uber Technologies Ltd., says it has raised $7.3 billion from investors, adding to intensifying rivalry in the market.

Didi Chuxing said Thursday that investors in its latest financing round include Apple Inc. and China Life Insurance Co. Earlier investors Chinese Internet giants Tencent and Alibaba and Japan’s Softbank.

In September, the company and Lyft of the United States agreed to link their services to allow travelers to use them in each other’s markets. In December, their alliance added India’s Ola and Southeast Asia’s GrabTaxi.